About your Search

20121224
20130101
Search Results 0 to 2 of about 3
is shipped to china. what do they want with a vineyard in napa valley? >> there's a big demand for luxury goods. rather than buying chinese-made products and sending our money l they're buying american made products and sending their money back over here. >> reporter: and the jobs stay here. >> yes. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3billion in california companies. $560million in just the past year. the chinese are boosting the golden states housing recovery. they bought one out it have every ten homes sold in the past year. >> compare to high end housing like in beijing, this is not that expensive. >> reporter: a student at the university of southern california. his parents bought him this yearly $1 million condo. they thought renting a dorm room was a waste of money. >> my parents decide to buy me a house as a investment outside china. >> reporter: jim jacobson has sold 22% of the residents to affluent chinese. >> they don't have a place to put their money. they look at their own economy as a place where it's not v
blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high, 77%. >> it was a big tax bill. it was, you know, half a million dollars. we sold off 150 acres. it gave us something to pay the tax with. >> reporter: now, jeff and his wife marry worry their dream of passing the land on to their two daughters will be ruined by the fiscal cliff. the estate tax rate would rise from 35 to 55% on estates worth over $1 million. at today's prices in the napa valley, the land could easily be worth $8 million. >> you're wealthy, but it's all in the dirt. we're dirt rich, cash poor. >> reporter: for the paiges, more than money is at stake. they want the land which is part of their family's pa
hanging off shore too much. so if that verifies, we're not going to get anything. 34 in napa. a few high clouds in santa rosa. dew point in santa rosa is up to 96%. we'll probably get fog by tomorrow. pinpoint forecast, we're just not going to get out of the 50's. 53 at half moon bay. 52 over at brentwood. 51 in napa. sausalito, 52. extended forecast looks like this. we'll increase clouds tomorrow. saturday afternoon, all the way through next thursday, it looks high and dry. readings mostly in the 50's. tomorrow morning, all the latest on this on the morning news. in the meantime, finally, we'll be drying it out. >> dry spell is good. >>> hey, we'll see the pomeranian held for ransom. a bizarre dog-napping. ,,,,,,,,,,,,,, ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. torturing >>> a pair of uc berkeley law students facing charges in las vegas. they're accused of killing and torturing an exotic bird at the flami
Search Results 0 to 2 of about 3